1495 Black Rock Tpke - Freestanding FOR SALE


Fairfield, CT 06825
$2,250,000 USD
203-257-9982
1495 Black Rock Tpke, Fairfield, CT for Sale
$2,250,000 USD
Freestanding - FOR SALE
1/15
null | 7.15% Cap Rate

1495 Black Rock Tpke
Fairfield, CT 06825


HIGHLIGHTS

  • Great Visibility for Retail Recognition and signage on the building and Monument, in High Traffic corridor in busy Fairfield

OVERVIEW

Outstanding Investment opportunity for an investor or business owner. This unique high traffic location is on Busy Black Rock turnpike in one of the best retail corridors in Fairfield and Fairfield County. Immediate Net Operating Incom (NOI) Growth: 7.15% Pro-Forma Yield. Prime Value-Add Opportunity: Just one vacancy remains ($32k/yr projected income) to unlock maximum asset value. Diverse Tenant Base: 7 established tenants across retail and professional services leases extend in 2029. Low Management Burden: Stabilized operations with professional management and mechanicals already in place. Strong Fundamentals: Diverse lease expirations and a resilient recession-proof tenant mix. Strategically located and meticulously maintained, this multi-tenant commercial asset offers the perfect balance of immediate cash flow and significant equity upside. At an asking price of $2,250,000, an investor steps into a stabilized income stream of $121,705 NOI, with the immediate ability to drive that to $160,879 by leasing the remaining vacant suite. The current financials reflect several non-recurring "one-time" expenses (Tenant-specific TI and vacancy carry costs) that will not burden the new owner, providing a "clean" operational slate from Day 1. The Numbers: Price: $2,250,000 Current NOI: $121,705 Pro-Forma NOI: $160,879 (Including $32k vacancy absorption) Pro-Forma Cap Rate: 7.15% Occupancy: 90% (Stabilized with 15% upside) The Opportunity: This is an ideal acquisition for a 1031-exchange buyer or a private investor looking for positive leverage. By capturing the remaining market rent and normalizing the expense ratio, the new owner can achieve a yield significantly above current market averages for this asset class.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

NDD

APN/PARCEL ID

FAIR-000077-000000-000486

ASK ABOUT THIS PROPERTY

Will HollisHiggins Group CommercialMore Info
203-257-9982

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Will HollisHiggins Group CommercialMore Info
203-257-9982

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.